Spotlight on Options Trading: Macy’s, Adobe, and AvePoint Take Center Stage

Investors are active in the options market today, focusing on several companies in the Russell 3000 index, particularly Macy’s, Adobe, and AvePoint.

Macy’s Options Heat Up with Over 43,000 Contracts Traded

Macy’s Inc (Symbol: M) is experiencing significant options trading activity today. So far, a total of 43,389 contracts have been traded, which is equivalent to approximately 4.3 million underlying shares, as each contract represents 100 shares. This trading volume accounts for 85.6% of M’s average daily volume over the last month, which was 5.1 million shares. The $17 strike call option expiring on December 20, 2024, stands out with 4,880 contracts traded today, translating to about 488,000 underlying shares of M. Below is a chart illustrating M’s trading history over the past twelve months, highlighting the $17 strike in orange:

Adobe Sees Robust Trading with $510 Call Option

Adobe Inc (Symbol: ADBE) has also reported strong options trading, with 23,201 contracts changing hands today. This figure corresponds to approximately 2.3 million underlying shares, making up 85.4% of ADBE’s average daily trading volume of 2.7 million shares. The $510 strike call option set to expire on November 22, 2024, has garnered attention, with 2,042 contracts traded, equating to roughly 204,200 underlying shares of ADBE. The chart below displays ADBE’s trading history for the past twelve months, with the $510 strike marked in orange:

AvePoint Records Strong Activity with 9,590 Contracts

AvePoint Inc (Symbol: AVPT) is also drawing attention with options trading volume reaching 9,590 contracts today, equivalent to approximately 959,000 underlying shares. This amount reflects about 78.6% of AVPT’s average daily trading volume of 1.2 million shares over the past month. The $19 strike call option expiring on December 20, 2024, has seen high engagement, with 4,078 contracts traded, representing around 407,800 underlying shares of AVPT. Below is a chart showing AVPT’s trading activity over the last twelve months, highlighting the $19 strike in orange:

For more details on available expirations for options involving M, ADBE, or AVPT, visit StockOptionsChannel.com.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.